COVID-19 Resources for Small Businesses

Paycheck Protection Program (PPP)

U.S. Department of Treasury new information regarding the Paycheck Protection Program. The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Resources provided by the U.S. Department of Treasury below and visit their webpage for additional information.

  • NEW - Coronavirus Small Business Guide & Loan Checklist can be found here

  • A top-line overview of the program can be found here.

  • If you’re a lender, more information can be found here.

  • If you’re a borrower, more information can be found here.

  • The loan calculator can be found here.

NEW - Updated application for borrowers can be found here.

  

When can you apply for the PPPL (Paycheck Protection Program Loan)?

Small businesses and sole proprietors can apply for the loans beginning April 3. Independent contractors and self-employed individuals can apply on April 10. 

https://www.inc.com/kevin-j-ryan/small-business-loan-new-guidance-from-treasury-department.html?utm_source=incthismorning

  

Maryland Small Business COVID-19 Business Relief Programs

Maryland Small Business COVID-19 Emergency Relief Loan Fund

Maryland Small Business COVID-19 Emergency Relief Grant Fund

Maryland COVID-19 Emergency Relief Manufacturing Fund

  

Not sure what your business NAICS # is? You will find it here.

Bookmark the NAICS manual for future reference:

https://www.census.gov/eos/www/naics/2017NAICS/2017_NAICS_Manual.pdf

 

SBDC Business Survival Guide – Updated as new information becomes available. https://docs.google.com/document/d/1EAS90feseZIOXDzVbNJ1wgqkNjcNpQJzGRTAy1mUjFc/edit#heading=h.afqyp6f34wrh

  

Daily SBA Conference Call – Updates provided and you can ask questions. 3:00pm, Call – 202-765-1264, Conf Call ID# 827-299-626

New, Daily SBA Conference Call - Starts 4.2.20 (daily) at 5:30 pm Call 202-765-1264, Conf Call ID#310-688-488 (then #)

  

COVID-19: A Ten-Point Action Plan for Economic Developers

Monday 4/6/2020 3:00 PM - 4:30 PM

You need a plan. Several weeks into the worst public health crisis in generations, with several weeks likely remaining, the global economy is reeling. What is to come will be a complex series of response and recovery stages, and decisions you make now will have a lasting impact. Richard Florida and Steven Pedigo will discuss their ten-point action plan for economic developers to help you and your community mobilize. Our third free webinar in the COVID-19 series will outline a path forward that could help your economy come back stronger, more inclusive and more resilient.

COVID-19: A Ten Point Action Plan for Economic Developers | Monday, April 6 at 3:00 pm EDT | Hosted by IEDC

 

Maryland Department of Transportation’s Commuter Choice Maryland program promotes alternative commuting options and offers businesses benefits for implementation, such as the Maryland Commuter Tax Credit find more information for telework tips and commuter resources here. 

FBI Warning - At the risk of being called a negative Nancy, scams are happening:

• Individuals and businesses selling fake cures for COVID-19 online.

• Phishing emails posing as the World Health Organization or the CDC.

• Malicious websites and apps that appear to share virus-related information to gain and lock access to your devices until payment is received,

• Seeking donations for illegitimate charitable organizations.

These scams may come through text messages, phone calls, email messages, etc. Before you act, stop. Ask yourself: Who is this message from?

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